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NEWS FROM PORT ALBERNI

People Moving to Smaller Cities, Bigger Homes

Jun 14, 2021 | real estate news

Real Estate Trends

New analysis from real estate site Zillow confirmed what we’ve been hearing anecdotally: There’s been a big shift in where people are living now.

The pandemic changed a lot about how Americans live and work — and where they live and work.

Zillow analyzed data from 2016 to 2020 from one of the biggest moving companies in the country, North American Van Lines.

According to Jeff Tucker, a senior economist for Zillow, people were seeking out less expensive regions and more square feet of living space last year. “The opportunity to work remotely was really changing the game for some homeowners who took this opportunity to move someplace where they could get more bang for their buck.”

Homeowners were looking for more space, lower cost of living and room to grow.

Read the full story: Marketplace.org

 

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